Annual Information Service
Africa Mining Report - Benin
|Published by||Roskill Information Services||Product code||352727|
|Published||6 issues / year||Content info||48 Pages, 10 Chapters, 12 Tables, 15 Figures|
|Africa Mining Report - Benin|
|Published: 6 issues / year||Content info: 48 Pages, 10 Chapters, 12 Tables, 15 Figures||
Benin has a very small mining industry at present which represents just 4.9% of GDP. The West African country depends mainly on agriculture and cotton production and mostly trades with neighbouring Burkina Faso, Niger, Nigeria and Togo.
Benin produces mainly industrial minerals, including clay, limestone, marble, sand and gravel - on an artisanal scale. Gold is also produced in small quantities by artisanal miners. Cement is the only material produced on an industrial scale. However, the country is home to various mineral resources including both metals and other industrial minerals, and has small offshore oil deposits.
In the north-east of the country, resources include gold, tin, chromite, nickel and rare earth elements. Iron ore has also been identified in the area. In the central part of Benin, resources include niobium, tantalum, tin, and rutile in addition to tungsten, thorium, and manganese. In the south, Benin has phosphate, limestone, ilmenite and copper.
There remains, therefore, great potential for exploration and the development of a mining sector. Benin started to focus on its mining potential in 2006 when President Thomas Boni Yayi came to power. The government, which wants to boost its economy and generate fiscal revenue through mining, launched an airborne geophysical survey in 2013-2014 in order to assess the country's geology. Results show promising deposits of gold, uranium, phosphate, iron, nickel and copper, in addition to hydrocarbon. Over 108 mining areas have been delineated. Some of them are already under agreement for development.
Challenges remain and exploration has been limited so far. Poor infrastructure, an insufficient energy supply and a lack of education and skills are among the main issues faced by a government that is keen to attract investment and development.